MENA SWFs eyes Agricultural Bank of China IPO
The Kuwait Investment Authority has emerged as one of the SWFs interested to invest in the IPO of the Agricultural Bank of China (ABC) in Shanghai and Hong Kong this year, with plans to invest some $1 billion in what would be the year's largest listing, at some $30 billion.
United Arab Emirates SWFs, probably including the Abu Dhabi Investment Authority (ADIA), are also apparently in discussion about further commitments. Local media reported last week that ABC has cleared...
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